NEW YORK (Reuters) - Tyrian Investments LP, the stock-focused hedge fund manager backed by Julian Robertson's Tiger Management LLC, is shutting down, according to a person familiar with the situation.

New York-based Tyrian was founded in January 2010 by Orlando Muyshondt with so-called "seed" capital from Tiger, which is famous for backing promising hedge fund managers. Muyshondt did not immediately respond to a request for comment. Tiger declined to comment.

Tyrian managed $535.4 million in so-called regulatory assets as measured by the Securities and Exchange Commission at Dec. 31, 2015, according to a public disclosure. Such filings can exaggerate the actual capital managed because of leverage and other factors.